Australia’s Link Administration Holdings Ltd. rejected a proposal from Canada’s Dye & Durham Ltd that sought to recut their recently agreed deal on account of penalties from the UK’s financial watchdog over a collapsed fund the company managed.
Australia’s Link Administration Holdings Ltd. rejected a proposal from Canada’s Dye & Durham Ltd that sought to recut their recently agreed deal on account of potential penalties from the U.K.’s financial watchdog over a collapsed fund the company managed.
At the root of the derailed deal is an investigation by Britain’s Financial Conduct Authority’s of a now-collapsed fund managed on behalf of investor Neil Woodford, adding new doubts to what has already been a months-long and increasingly strained takeover.
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